participating under this act.
(b) Deposits into fund.--
(1) The tax imposed under section 312 shall be received
by the department and paid to the State Treasurer and, along
with interest and penalties, less any collection costs
allowed under this subchapter and any refunds and credits
paid, shall be credited to the respective counties'
subaccounts not less frequently than every two weeks.
(2) During any period prior to the credit of money to
each such subaccount, interest earned on money received by
the department and paid to the State Treasurer under this
subchapter shall be credited to the respective subaccount.
(c) Lapsing and interfund transfers prohibited.--All money
in the fund and credited to the subaccounts, including, but not
limited to, money credited to the subaccounts under this
section, prior year encumbrances and the interest earned
thereon, shall not lapse or be transferred to any other fund or
subaccount, but shall remain in the fund and credited to the
respective subaccounts as provided in this chapter.
(d) Investment.--Pending their disbursement, money received
on behalf of or deposited into the fund shall be invested or
reinvested as is other money in the custody of the State
Treasurer in the manner provided by law. All earnings received
from the investment or reinvestment of the money shall be
credited to the fund.
Section 318. Disbursements.
(a) General rule.--On or before the 10th business day
following receipt from the department of the necessary
calculations, the State Treasurer shall make disbursements as
provided in this section.
20150HB0708PN0853 - 13 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30